Daily Investment Interpretations

March 11, 2010

2010-3-11:  The S&P 500 caught up with the NASDAQ Composite by making a new high for this year (by 0.01 points). The NASDAQ Composite gained 9.51 points, (0.4%) to close at 2,368.46, which is yet another new high after its 3/9/2009 low, the Dow moved up  44.51 points (0.42%) to close at 10,611.84, and the S&P 500 added 4.63 points (0.4%) to close at 1,150.24. Oil closed up at $82.18 a barrel. Gold was unchanged at $1,108. The VIX was down 0.51 to 18.51.  
    It would appear that the market is near the tops of its current mini-cycle. It will probably have little farther to run, and will then pull back again to regroup. This isn't a good time to buy, and it could be a good time to sell if you wanted to play these waves.
    Here are a few articles:  Beating the China policy sell-offJobless claims down,  Looming collapse in Greece just a myth, Some gold timers blame market for fall.